The Global Chip Shortage: Worst-Hit Industries
Chip suppliers, which trimmed down chip production for autos and in turn stepped up supplies to consumer electronics, are now pressured from all quarters.
Chip Supply Shortage Will Last Through 2022: Foxconn
The electronics manufacturer supplies big-name tech companies such as Apple, Alphabet, Amazon, and Microsoft.
Ford Earnings Beat Estimates; China Growth, Ford Credit Highlighted
“We know that there’s huge value to be unlocked as we turn around our automotive operations," said new CEO Jim Farley.
Analog Devices Buys Rival Chipmaker Maxim
The $8.2 billion deal will create a semiconductor giant with a combined enterprise value of $68 billion and combined revenue of $8.2 billion.
Major US Automakers Plan to Return to Work May 18
The companies say enhanced safety measures will be in place.
Strings Attached: Guidelines for Seeking Coronavirus Relief Funds
Businesses should be prepared to go through a rigorous process, and in some cases should expect to give up ownership stakes.
Fiat Chrysler Proposes Merger With Renault
The combined company is poised to become a leader in the race for developing electric and autonomous vehicles.
Ford to Cut 1,400 Jobs in Profitability Push
The automaker has been "under pressure to get specific about cost cuts” amid investor concern over its stock price.
GM’s Q1 Profit Hits Post-Bankruptcy Record
The results "demonstrate the strong earnings power of this company,” CEO Mary Barra says as profits soar 33% to $2.6 billion.
Ford’s Profit Dips 35% on Increased Costs
"Basically, the cost increase for the full year has happened in the first quarter," CFO Bob Shanks says.
GM Halts Venezuela Production as Plant Seized
The seizure of GM's only Venezula factory "was granted and enforced in total disregard of [GM's] right to due process," the company says.